SunOpta completes arrangement with Refresco, to be delisted

SunOpta (STKL) announced the successful completion of the acquisition of the company by an affiliate of Refresco for $6.50 per common share in cash pursuant to a previously announced plan of arrangement under section 192 of the Canada Business Corporations Act. As previously announced, shareholders of SunOpta overwhelmingly approved the arrangement at a special meeting of shareholders held on April 16. SunOpta obtained a final order from the Ontario Superior Court of Justice in respect of the arrangement on April 22. In connection with the arrangement, SunOpta’s shares will be delisted from the Toronto Stock Exchange and the Nasdaq Stock Market. SunOpta will also apply to cease to be a reporting issuer under applicable Canadian securities laws and will deregister its securities under U.S. securities laws as soon as practicable.